Search found 13024 matches

by Watty
Sun Apr 22, 2018 10:45 pm
Forum: Investing - Help with Personal Investments
Topic: What to do with an inherited Roth IRA
Replies: 5
Views: 297

Re: What to do with an inherited Roth IRA

My grandfather has amassed roughly 4.5M in a Roth IRA and he was asking me what the beneficiaries (my mom, aunt and uncle)should do with it once he passes. All of the beneficiaries are financially dependent but they are still working because they enjoy it. Im not sure if they should follow the 5 ye...
by Watty
Sun Apr 22, 2018 10:35 pm
Forum: Personal Finance (Not Investing)
Topic: What type of loan?
Replies: 9
Views: 421

Re: What type of loan?

I suspect that it will not work but just for brainstorming; A couple of options I have not seen mentioned that might work if you have happen to have any of these assets; 1) A 401k loan. 2) A margin loan on any taxable stock accounts you own. I would also be very cautious about depending on the expec...
by Watty
Sun Apr 22, 2018 10:20 pm
Forum: Personal Finance (Not Investing)
Topic: How much can mom spend on a house?
Replies: 11
Views: 1434

Re: How much can mom spend on a house?

Life after 70 can change on a dime; a home becomes more difficult to manage with age and more and more services may need to be hired as time passes. What seems easy at 70 may be quite difficult or impossible by age 80. That is tying up a lot of her money in a house, whether it has a mortgage or not...
by Watty
Sun Apr 22, 2018 9:39 pm
Forum: Investing - Help with Personal Investments
Topic: Retirement Account - Advice Needed
Replies: 1
Views: 185

Re: Retirement Account - Advice Needed

There are other funds that have very good performance, and higher fees, e.g. Global Technology Fund (PRGTX) earning 19.35% over last ten years on average with .90% ER and the Health Sciences Fund (PRHSX) earning 16.89% in last ten with .77 ER. Trying to chase the past performance really does not wo...
by Watty
Sun Apr 22, 2018 9:14 pm
Forum: Personal Finance (Not Investing)
Topic: Renting out home with Swimming pool
Replies: 7
Views: 1491

Re: Renting out home with Swimming pool

Be sure to get tax advice about keeping the house as a rental so there are not any big surprises. I'm not a tax guru or anything but four problems I can think of are; 1) You will lose the homeowners capital gains exemption. 2) The depreciation on the property will be more complex and might not be fa...
by Watty
Sun Apr 22, 2018 4:40 pm
Forum: Personal Finance (Not Investing)
Topic: Renting from potential in-laws?
Replies: 10
Views: 687

Re: Renting from potential in-laws?

Girlfriend (going to propose in fall) lives in same building and is moving out to west coast. I will follow in 2 years for job reasons. Not to pile on but they are not your inlaws yet and it sounds like they will not be for a long time. There is no way that I would rent from them since that could b...
by Watty
Sun Apr 22, 2018 4:26 pm
Forum: Personal Consumer Issues
Topic: Looking to purchase new car/SUV
Replies: 21
Views: 772

Re: Looking to purchase new car/SUV

She is strongly considering an SUV this time, but we are going to look at safety and reliability especially after the accident. The driver death rate is one slightly morbid way to measure the car safety but it will always be a few years behind since it takes that long to collect the data. http://ww...
by Watty
Sun Apr 22, 2018 2:24 pm
Forum: Personal Finance (Not Investing)
Topic: Resign from job or possible termination
Replies: 76
Views: 8897

Re: Resign from job or possible termination - Update

Hello Bogleheads. Here's an update: I have received two job offers and am happy to report that one of the offers was a good offer, so I have given notice of resignation to my current employer. I will begin my new job in May. I am thrilled that I avoided termination and will continue to be fully emp...
by Watty
Sun Apr 22, 2018 7:38 am
Forum: Investing - Help with Personal Investments
Topic: Retirement Planning for Health Care Costs
Replies: 20
Views: 1617

Re: Retirement Planning for Health Care Costs

But I just read that the average cost for health care costs for a retired couple can cost approx $325,000 out of pocket (not covered by Medicare, and not including Long Term Care Ins). Large numbers like that are put out to try to scare people for various, often self serving, reasons. A much less s...
by Watty
Sun Apr 22, 2018 7:29 am
Forum: Personal Consumer Issues
Topic: Remedy for Post-Purchase Problem (House)
Replies: 10
Views: 985

Re: Remedy for Post-Purchase Problem (House)

Installed by previous owner less than four years ago, it leaks at various places into the attic. The roof is likely under a warranty if it is that new so the first thing to do would be to get a copy of that and see what the details are and if the manufacturer will back it. A lawyer might be needed ...
by Watty
Sat Apr 21, 2018 12:53 pm
Forum: Personal Consumer Issues
Topic: Medical alert "button"
Replies: 28
Views: 1318

Re: Medical alert "button"

My Mom had one and had to use it twice so they are a good idea. It was long enough ago that I can't really give a recommendation on the company. When we looked into this the contracts with the company seem to be the biggest problem since and in addition to knowing how it works if they die you also n...
by Watty
Sat Apr 21, 2018 12:40 pm
Forum: Personal Consumer Issues
Topic: New car hit accident - loss of dimished value
Replies: 25
Views: 1855

Re: New car hit accident - loss of dimished value

I looked into this a while back after an accident. The rules vary a lot from state to state and you will likely need to get an appraisal to prove the diminished value. If you google your state name and "diminished value appraisal" you will see lots of companies that do that In my case the state I wa...
by Watty
Sat Apr 21, 2018 8:39 am
Forum: Personal Finance (Not Investing)
Topic: Settlement Offer -- Accept or Wait?
Replies: 63
Views: 4060

Re: Settlement Offer -- Accept or Wait?

To be clear, I still have residual lower back pain; however, the pain was minor to begin with, and the ER doctor told me it was likely a general reaction to the acute force my body experienced. I am not a lawyer but there is no way that you should sign anything until long after all the issues are r...
by Watty
Fri Apr 20, 2018 11:11 pm
Forum: Personal Finance (Not Investing)
Topic: Moved and down to one income - can/should i buy this more expensive house?
Replies: 3
Views: 419

Re: Moved and down to one income - can/should i buy this more expensive house?

There is a much cheaper neighborhood that is still nice and would cost around 600-700k for similar house but not as good public schools, and I would have commute of about 25 min. When people say 25 minutes they usually mean 25 minutes on a good day but there will often be not so good days and terri...
by Watty
Fri Apr 20, 2018 10:38 pm
Forum: Personal Consumer Issues
Topic: So many problems I can't even figure out how to prioritize them
Replies: 27
Views: 2589

Re: So many problems I can't even figure out how to prioritize them

What is your constraint? Time or Money? Horn: Breaking. Technically works maybe 25% of the time. This would be high on my list since it is a safety issue It sounds like it could just be a loose wire so even if you normally don't work on your own car you might be able to see it if you open the hood. ...
by Watty
Fri Apr 20, 2018 10:13 pm
Forum: Personal Consumer Issues
Topic: Car for 23 year old
Replies: 27
Views: 1481

Re: Car for 23 year old

One of the problem is that some cars like Toyota's and Honda's retain their value so well that buying one that is a few years old may not get you enough of a discount to make the used car a better deal than just buying a used car. If your finances are tight(been there done that :D ) then when you lo...
by Watty
Fri Apr 20, 2018 5:41 am
Forum: Personal Consumer Issues
Topic: Another discussion about private vs public schools?
Replies: 79
Views: 4044

Re: Another discussion about private vs public schools?

We're both PhDs. Education is very important to us and we plan on lots of enrichment when the little Nugget is home with us. Most school rankings data is bunk, and correlates very closely with household income levels. You are well-educated professionals, and your child will likely do fine in any ha...
by Watty
Thu Apr 19, 2018 8:02 pm
Forum: Investing - Theory, News & General
Topic: Paying off mortgage vs investing
Replies: 17
Views: 1939

Re: Paying off mortgage vs investing

There is a wiki on this choice. https://www.bogleheads.org/wiki/Paying_down_loans_versus_investing And lots of opinions. Investing and earning a higher return is harder than it sounds because you have a sequence of returns risk. Here is an example I have posted before.  If you do not pay it off then...
by Watty
Thu Apr 19, 2018 7:47 pm
Forum: Personal Finance (Not Investing)
Topic: Applying for ACA ? [Colorado]
Replies: 17
Views: 1407

Re: Applying for ACA ?

Be sure to check to see of your doctors are in the new network even it looks like they are. I had COBRA with Blue Cross and when I went to check the ACA policies there was a Blue Cross option. When I checked none of my doctors where in the ACA Blue Cross plan. It turned out that that the ACA Blue Cr...
by Watty
Thu Apr 19, 2018 7:33 pm
Forum: Personal Consumer Issues
Topic: Negotiating for a new Toyota.[my fault comparing apples and oranges]
Replies: 29
Views: 2212

Re: Negotiating for a new Toyota.[my fault comparing apples and oranges]

One more thought. If you ask for the prices on two cars they will not take you seriously since you are not saying that you are ready to buy today. Pick one then just ask for that price and say that you are ready to buy in your email.
by Watty
Thu Apr 19, 2018 7:21 pm
Forum: Personal Consumer Issues
Topic: Negotiating for a new Toyota.[my fault comparing apples and oranges]
Replies: 29
Views: 2212

Re: Negotiating for a new Toyota.

Here is a post I did about buying a Corolla a few months ago. https://www.bogleheads.org/forum/viewtopic.php?f=11&t=239526&p=3746230&hilit=corolla+experience#p3746230 You really should be contacting all the Toyota dealers that are withing a reasonable driving distance from you. Only about a third of...
by Watty
Thu Apr 19, 2018 5:49 pm
Forum: Personal Consumer Issues
Topic: Atlantis Bahamas for myself with 2 kids?
Replies: 13
Views: 1852

Re: Atlantis Bahamas for myself with 2 kids?

JakeF wrote:
Sun Apr 08, 2018 9:56 pm
I’m not sure if I’ll go in July or August.
You would be less likely to have a hurricane or tropical storm in July.

Image
by Watty
Thu Apr 19, 2018 5:08 pm
Forum: Personal Consumer Issues
Topic: Selling a car: how to get paid?
Replies: 55
Views: 3375

Re: Selling a car: how to get paid?

Cashiers checks are easy to counterfeit so that is a bad idea. Counterfeit cash can also be a problem. One scam is to get the signed title from you then they quickly sell the car at some cash for cars place. Once that is done then there is no way to get your car back since you signed the title. Havi...
by Watty
Thu Apr 19, 2018 4:53 pm
Forum: Personal Finance (Not Investing)
Topic: Good Dad, Bad Dad [pay for son's driving expenses (or not)]
Replies: 49
Views: 3386

Re: Good Dad, Bad Dad

You have two questions that you should separate, him getting his drivers license and you getting him a car. I have always told him that he can get his driver's license when he has a job to pay for gas and insurance. Having him get a driver's license and getting some driving experience is important e...
by Watty
Thu Apr 19, 2018 4:19 pm
Forum: Personal Consumer Issues
Topic: Car value: old car with low mileage
Replies: 22
Views: 1419

Re: Car value: old car with low mileage

Would you trust KBB and Edmunds to properly account for low mileage on a car? I am thinking about privately selling a 1996 corolla w 30k miles on it and wonder whether the ~$500 bonus that I got at those websites for this mileage is reasonable or not. (Trade-in ~$1k, private sale ~$1800) Just for c...
by Watty
Thu Apr 19, 2018 12:14 pm
Forum: Personal Consumer Issues
Topic: Master Bath remodel price?
Replies: 27
Views: 2349

Re: Master Bath remodel price?

We would treat the bathroom as a luxury purchase for ourselves,.... The flip side of the luxury is that you will be living in a construction zone for many months and will at least have to move out of the master bedroom while the work is going on. Sometimes that is a necessity if there are problems ...
by Watty
Thu Apr 19, 2018 8:34 am
Forum: Investing - Help with Personal Investments
Topic: Use Large Tax Refund for HELOC or 529?
Replies: 21
Views: 1063

Re: Use Large Tax Refund for HELOC or 529?

What is the best way to track spending - log in our spending each purchase into a spread sheet? If you are comfortable with using spreadsheets then that would work really well for a few months since I find that handing all the data manually forces you to slow down and "get a feel" for the numbers i...
by Watty
Thu Apr 19, 2018 8:15 am
Forum: Personal Consumer Issues
Topic: Buy rental property out of state !
Replies: 16
Views: 1287

Re: Buy rental property out of state !

Be sure to have a compelling reason to think that buying a rental property will be better than buying a REIT.
by Watty
Thu Apr 19, 2018 7:49 am
Forum: Investing - Help with Personal Investments
Topic: Use Large Tax Refund for HELOC or 529?
Replies: 21
Views: 1063

Re: Use Large Tax Refund for HELOC or 529?

Thanks to all who have replied. Yes, we bought the house when I was earning gross of $150k and we chose to buy for schools and shortest commute (otherwise it would be 2 hours in the car each day). His gross is more like $305k, but has a lot taken out pre-tax. I got the profit share wrong - it seems...
by Watty
Wed Apr 18, 2018 10:08 pm
Forum: Investing - Help with Personal Investments
Topic: Use Large Tax Refund for HELOC or 529?
Replies: 21
Views: 1063

Re: Use Large Tax Refund for HELOC or 529?

Debt: Mortgage $900k at 3.75%; HELOC $37k at variable rate (4.75% now); $18k for car loan. .... Take home pay: ~$180k At least in the current year the tax breaks for the 401k contribution would be a lot more than the 529 so I would max the 401k before making any 529 contributions. Unless your expen...
by Watty
Wed Apr 18, 2018 9:08 pm
Forum: Personal Consumer Issues
Topic: Best places to find discontinued appliance parts?
Replies: 14
Views: 1121

Re: Best places to find discontinued appliance parts?

If you can figure out the GE part number you can google that part number and you you may be able to find it.

You may be able to find a PDF of the owners manual on the internet by Googling the model number, the part number may be in the manual.
by Watty
Wed Apr 18, 2018 8:50 pm
Forum: Personal Consumer Issues
Topic: 2018 Honda Fit EX
Replies: 33
Views: 2337

Re: 2018 Honda Fit EX

I had a 2010 Fit that worked well as a commuter car but I am retired now and recently bought a 2018 Corolla which I consider an upgrade from the 2010, but I am not sure how it would compare to a 2018 Fit. A couple of comments; 1) The size and layout is as amazing as you have heard and works better t...
by Watty
Wed Apr 18, 2018 8:03 pm
Forum: Investing - Help with Personal Investments
Topic: which retirement vehicle is best?
Replies: 7
Views: 1216

Re: which retirement vehicle is best?

Is there anything I am missing that I should also be using? How do you define "low taxes"? If they are like 12% federal taxes then you might want to put some money into a traditional IRA or 403b to get the tax breaks now. The reason I say this is that when you are retired it would make sense to hav...
by Watty
Wed Apr 18, 2018 7:38 pm
Forum: Personal Consumer Issues
Topic: Total Cost of Car Ownership over 10 years
Replies: 40
Views: 3157

Re: Total Cost of Car Ownership over 10 years

Please let me know if I'm significantly off anywhere or any other experiences or comparing to a lease or luxury vehicle. One thing to watch out for is that your numbers are not adjusted for inflation which is fine since doing calculations like this in real, non inflation adjusted, dollars makes sen...
by Watty
Wed Apr 18, 2018 3:56 pm
Forum: Personal Finance (Not Investing)
Topic: Should I be doing something differently/can I afford a home addition?
Replies: 2
Views: 317

Re: Should I be doing something differently/can I afford a home addition?

My estimated cost of this renovation would be $250K and bring us inline with the size/finish of homes in our neighborhood (we bought the worst house on the block). Take a hard look at at just buying one of the other houses in the neighborhood that is already remodeled. With that amount of work and ...
by Watty
Wed Apr 18, 2018 3:29 pm
Forum: Personal Finance (Not Investing)
Topic: Expensive house... does this make sense?
Replies: 24
Views: 2272

Re: Expensive house... does this make sense?

It has a master suite with separate entrance that can be very easily be made completely private, with a small patio, and rented out for $1300-$1500. I like the idea of having a renter and getting property management experience-- and it will feel a bit less lonely. You may or may not be able to rent...
by Watty
Wed Apr 18, 2018 3:19 pm
Forum: Personal Consumer Issues
Topic: Is Los Angeles a good place long term to live financially?
Replies: 166
Views: 10615

Re: Is Los Angeles a good place long term to live financially?

They say a picture is worth a thousand words. I don't know the areas in LA but here is an example of the type of house you could get there for your $800K https://www.realtor.com/realestateandhomes-detail/834-N-Avenue-65_Los-Angeles_CA_90042_M16663-82711#photo0 I really like that LA home. I don't kn...
by Watty
Wed Apr 18, 2018 8:30 am
Forum: Personal Consumer Issues
Topic: landline solutions
Replies: 27
Views: 1499

Re: landline solutions

I'd prefer not to use internet based VoIP type services (unreliable at times), but am open to considering anything that will cost us less. If you are concerned about it working during a power outage then you can get a inexpensive battery backup that will last a couple of hours. I don't know if it t...
by Watty
Wed Apr 18, 2018 8:17 am
Forum: Personal Finance (Not Investing)
Topic: Will question
Replies: 28
Views: 2323

Re: Will question

afan wrote:
Wed Apr 18, 2018 6:27 am
You need a more qualified attorney. These are routine questions for someone who practices estates and trusts law.
+1

And having a trust as a beneficiary of a retirement account needs to be done just right or it can cause problems.
by Watty
Wed Apr 18, 2018 8:06 am
Forum: Personal Finance (Not Investing)
Topic: Quitting job - what to do if getting walked to the door
Replies: 106
Views: 10781

Re: Quitting job - what to do if getting walked to the door

Even if they walk him to the door there would be a stop at the HR office where he would get any required notice about his COBRA options so it would be little different than if he works the full two weeks. On healthcare most companies with more than 50(???) employees are required to offer COBRA cover...
by Watty
Wed Apr 18, 2018 7:40 am
Forum: Investing - Theory, News & General
Topic: Things have changed, so what do I do?
Replies: 14
Views: 2000

Re: Things have changed, so what do I do?

I retired 7 years ago--so I presumably have missed the 'sequence of returns risk' ..should I feel a more/less/same level of comfort going forward? More like you won the sequence of returns lottery with the way the stock market had performed over the last seven years. :beer Things have changed, so w...
by Watty
Wed Apr 18, 2018 6:59 am
Forum: Personal Finance (Not Investing)
Topic: Corporate Leveling
Replies: 22
Views: 2385

Re: Corporate Leveling

One more comment. You need to be careful about believing what the company is telling you about how widespread the pay cuts are. It was a different situation but I once worked for a company that had financial problems and made a big deal about there being a company wide pay freeze when the annual sal...
by Watty
Tue Apr 17, 2018 10:45 pm
Forum: Investing - Help with Personal Investments
Topic: Review & improvement on personal investment portfolio
Replies: 6
Views: 658

Re: Review & improvement on personal investment portfolio

You have way too many funds. You do not have any money in taxable accounts so the taxes are not an issue so the target date funds would be a great choice. Sometimes people look at them as some sort of dumbed down "investing for dummies" choice that need to be improved on but in the right situation t...
by Watty
Tue Apr 17, 2018 10:39 pm
Forum: Personal Consumer Issues
Topic: Owning 3 vehicles
Replies: 27
Views: 2049

Re: Owning 3 vehicles

sf99 wrote:
Mon Apr 16, 2018 4:13 pm
If I get a 3rd vehicle, one of the 3 would have to be parked on the street.
Some cities or HOA's may have restrictions on how long you can leave a car parked on the street without moving it.
by Watty
Tue Apr 17, 2018 10:31 pm
Forum: Personal Consumer Issues
Topic: Donate or give-away scooter?
Replies: 9
Views: 805

Re: Donate or give-away scooter?

You can likely just drop it off at a local auction house and it will sell at some price. You might only get a small amount for it but that that is better than nothing.
by Watty
Tue Apr 17, 2018 10:27 pm
Forum: Personal Finance (Not Investing)
Topic: Relative Never Took RMDs on Inherited IRA From 2004
Replies: 19
Views: 2310

Re: Relative Never Took RMDs on Inherited IRA From 2004

One thing to keep in mind is that a large withdrawal for the past RMD's could have other effects like if she gets and Affordable Care Act subsidy based on her income that she might lose.
by Watty
Tue Apr 17, 2018 10:18 pm
Forum: Personal Finance (Not Investing)
Topic: Retire early. Do you think it is possible?
Replies: 33
Views: 3045

Re: Retire early. Do you think it is possible?

Retire early. Do you think it is possible? It is easy to get too wound up in the details and lose track of the big picture. You are doing great. With an essentially paid off house and a million dollars already retiring in 10 years is a should be easy. You investments should grow and you should be s...
by Watty
Tue Apr 17, 2018 9:54 pm
Forum: Personal Finance (Not Investing)
Topic: [How should I pay off my mortgage?]
Replies: 11
Views: 1179

Re: [How should I pay off my mortgage?]

One option to consider is to save up 25%(or whatever) of the loan balance then call your lender and ask if they will "recast your mortgage"(Google this) if you make a large prepayment. They are not required to do this but they often will for only a processing fee of a couple of hundred dollars. The ...
by Watty
Tue Apr 17, 2018 9:38 pm
Forum: Personal Consumer Issues
Topic: Europe- Zurich<->Paris- 10 days
Replies: 25
Views: 1318

Re: Europe- Zurich<->Paris- 10 days

Can we squeeze in Belgium or Amsterdam for a day stop? Those are too far and there are lots of other places that would be a reasonable day trip out of Paris. You might want to consider skipping the Palace of Versailles or at least plan your trip there very carefully. It is outside of Paris and will...
by Watty
Tue Apr 17, 2018 8:53 pm
Forum: Personal Finance (Not Investing)
Topic: Corporate Leveling
Replies: 22
Views: 2385

Re: Corporate Leveling

Apparently it’s pretty common with public mega corps. How do you handle getting a pay cut due to possible new job titles.... This is the first I have heard about it, are you an your friends working in some industry that is having industry wide problems? Inflation is starting to tick up and unemploy...